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Legislation #: 170944 Introduction Date: 11/30/2017
Type: Ordinance Effective Date: none
Sponsor: None
Title: Accepting and approving the recommendations of the Tax Increment Financing Commission as to the termination of the 45th Street Tax Increment Financing Plan, Redevelopment Area and Project; directing the City Clerk to send notice to Jackson County.

Legislation History
DateMinutesDescription
11/29/2017 Filed by the Clerk's office
11/30/2017 Referred to Planning, Zoning & Economic Development Committee
12/6/2017 Do Pass
12/7/2017 Assigned to Third Read Calendar
12/14/2017 Passed

View Attachments
FileTypeSizeDescription
170944.pdf Authenticated 92K Authenticated
170944 Fact Sheet.pdf Fact Sheet 354K Fact Sheet
00198521.DOCX Other 20K Ordinance draft

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ORDINANCE NO. 170944

 

Accepting and approving the recommendations of the Tax Increment Financing Commission as to the termination of the 45th Street Tax Increment Financing Plan, Redevelopment Area and Project; directing the City Clerk to send notice to Jackson County.

 

WHEREAS, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865, RSMo, as amended (the “TIF Act”), the City Council of Kansas City, Missouri (the “City Council”) by Ordinance No. 54556 passed on November 24, 1982, and thereafter repealed and amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, Ordinance No. 100089, passed on January 28, 2010, Ordinance No. 130986, passed on December 19, 2013, and Committee Substitute for Ordinance No. 140823, As Amended, passed on June 18, 2015, created Tax Increment Financing Commission of Kansas City, Missouri (the “Commission”); and

 

WHEREAS, on December 13, 2006, the City Council passed Ordinance No. 061321, which accepted the recommendations of the Commission as to the 45th Street Tax Increment Financing Plan (the Redevelopment Plan) and designated the Redevelopment Area therein to be a conservation area; and

 

WHEREAS, the Plan has been amended five times; and

 

WHEREAS, the Commission has been duly constituted and its members appointed and, after all proper notice was given, the Commission met in public hearing and after receiving the comments of all interested persons and taxing districts with respect to the Redevelopment Plan, closed said public hearing on November 8, 2017, and adopted its Resolution (the “Resolution”) recommending to the City Council the termination of the 45th Street Tax Increment Financing Plan; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the recommendation of the Commission for termination of the 45th Street Tax Increment Financing Plan as set forth in the Resolution is hereby accepted.

 

Section 2. That, in accordance with the recommendation, the Redevelopment Area and Project 1 are hereby terminated and the designation of such redevelopment project area is hereby terminated.

 

Section 3. All surplus funds, if any, shall be distributed to the affected taxing jurisdictions in accordance with the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865, RSMo, and the Special Allocation Fund for such project area, if any, is hereby dissolved.

 

Section 4. That the City Clerk is hereby directed to send a copy of this ordinance to Jackson County.

 

_____________________________________________

 

Approved as to form and legality:

 

 

______________________________

Brian T. Rabineau

Assistant City Attorney